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UTAH

NUMISMATIC SOCIETY

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Merry Christmas
The
Mint
Master

December 2022
Volume 70 Issue 12

UTAH

NUMISMATIC
SOCIETY
OFFICERS

President LaVar Burton 801-755-2222
Vice President Doug Nyholm 801-918-9522
Treasurer Tom Davis 801-580-8637
Secretary Steve Dissel 801-462-6396

o Newsletter Doug Nyholm 801-918-9522

< Asst MM Ed./Dist Robie Cagle 801-869-0605

oe) Curator Darin Lee 801-556-0789

ms BOARD MEMBERS

ao) Mike Rek 916-806-0923

2 Robie Cagle 801-869-0605

ie. Chris Larsen 801-300-9763

oe) Larry Nielsen 801-870-2344

om Larry Kimura 385-831-9705

= Sherry Gunderson 385-232-5256

og)

= APPOINTED POSITIONS

CN Bourse Chair /Bob Campbell 801-467-8636
Medals Chair. To Be Appointed

PRESIDENTS MESSAGE —- December 2022

Mike Rek

PRESIDENTS MESSAGE

Thank you all for letting me be your President for the past 2 years. I will still be there for
anyone who needs help.

Christmas Dinner is December 13, 2022 @ 6:00 PM Sharp. Please call Tom Davis if you will
be attending the Dinner. (Please No Outside Food!!) The Coin Club will have $3,0000.00
worth of coins to giveaway this year.

Hope you enjoy the Holidays.

Thank you
Mike Rek

Contents & Agenda For December 13, 2022

Greetings - Mike Rek Canadian Voyager Dollars
Mini Exhibit - None Christmas Dinner Details
News & Views - None Low Ball Coins

Coin Quiz - None Book Review
Refreshments - Larry Kimura & Clay Riggs Quiz

New Letter Article - Collin Cagle Editors Message

Christmas Prizes

Meeting December 13, 2022 at 6PM
Meeting location is:
Columbus Center - 2530 South 500 East, Salt Lake City

Canadian Voyager Silver Dollars

Doug Nyholm

-_ F-_ FSF FE HF HF HF HF HF

Canada began their silver dollar minting the same year that the U.S. minted its last silver dollar. In 1935
Canada issued their George V Golden Jubilee coin which commemorated the 25th anniversary of his acces-
sion to the throne. The legend translates to “George V, King, Emperor, Regnal Year 25.” The iconic re-
verse depicts the canoe which has become known at the “Voyager” dollars. There is a lot of symbolism
surrounding the reverse design. The canoe is manned by an Indian and a person representing an agent of a
fur company. Behind the canoe are two pine trees with faint lines in the sky representing the northern
lights. In the front of the canoe there is a package with the incuse initials “HB” which represent “Hudson’s
Bay Co.”

For complete accuracy this coin is not the first Canadian silver dollar. That honor goes to a 1911 pattern
coin which is the highest rarity. The 1935 coin was struck to the extent of 428,707 coins and can be ob-
tained for about $50 in MS-60.

The second year of Canadian dollars was 1936 of which was the same type with a different legend which
was the same as the George V coins struck for circulation in 1912. The composition of Canadian silver dol-
lars beginning in 1935 through 1967
was ,800 fine silver, slightly less than
the U.S. Silver Dollars which were .900
silver.

One year later, in 1937, once again the
_@ design of the dollars changed to that of
the new Monarch, George VI. The re-
verse was not changed. Mintages of
these first three years were all well un-
der one million coins but all are readily
available.

In 1938 the design remained the same however the mintage dropped under 100,000 coins to only 90,304.
The price of this coin in MS-60 almost tripled but can be found for under $150. A bargain for such a small
mintage. I can only imagine if a U.S. Peace dollar of this era with a similar mintage would cost. Most of
us probably could not afford one.

Once again in 1939 the design changed. This time the change was replaced with Canadian Parliament
building in Ottawa. This was to mark the visit of King George VI and future Queen Elizabeth to Canada.
This also marked the first time that the silver dollar mintage exceeded one million coins. Specimens are
therefore readily available in uncirculated condition.

Suspension of silver dollars occurred after this issue and during World War II and was not resumed until
1945 with the George VI/Voyager design returning. Mintages from 1945 through 1948 were significantly
reduced. 1945 saw only 38,391 coins produced and is a major rarity in gem condition easily topping
$10,000. Lower grades including circulated examples up to MS-60 can be obtained for a nice looking ex-
ample in the $500 range. The 1945 date can however be elusive in all grades. In 1947 there were three va-
rieties produced, pointed 7, blunt 7, and the Maple Leaf coin. The scarcest variety is the Maple Leaf exam-
ple with only 21,135 produced. The Maple Leaf indicated that the coins were actually struck in 1948 with
the date frozen of 1947. The reason for this was due to the fact that during 1947 India gained its independ-
ence from Great Britain. The current dies contained the legend “GEORGIVS D:G Rex ET
IND:IMP.” (George VI by the Grace of God, King and Emperor of India) New Dies omitting the phrase
“King and Emperor of India” would not be ready until early 1948. Therefore the Maple Leaf was added to
note this discrepancy and the frozen date until the new dies were available later in 1948.

This next year, 1948, has the honor of being the rarest Canadian silver dollar. 1948 Voyager dollars were
struck only to the extent of 18,780 coins. All are scarce to rare and one can expect to pay at least $1,000 for a
circulated example while MS-60 coins are traded at $2,000 and up while gem or MS-65 examples can easily
bring $20,000.

Next comes the 1949 Newfoundland commemorative issue. This issued marked Newfoundland becoming a
province of the Dominion of Canada. The vote by Newfoundland passed by a very narrow margin. The de-
sign on this commemorative which replaced the Voyager image was a ship named “Matthew” which was
thought to have been commanded by John Cabot which discovered Newfoundland.

From 1950-1952 the original King George VI returned. There are several varieties regarding water lines next
to the canoe, some named Arnprior, which was a company which ordered an number of coins directly from the
mint to present to its employees. All are mostly common but do command a slight premium. Then beginning
in 1953 the design was changed to represent the new Queen Elizabeth II. The remainder of the series, until the
last silver dollars in 1967 contains no date or variety scarcities except of one in 1965 with “Small Beads” on
the obverse. Examples can rise to $7,500 in MS-65 and any example can be quite expensive. There are also
several commemorative issues which include the 1958 British Columbia Centennial, the 1964 Centennial of
the Pre-Confederation Conferences, and finally the 1967 Canadian Centennial flying goose.

In conclusion, if one would like to collect these beautiful coins there are several ways to accomplish this.
There are several types consisting of several commemoratives and different Monarchs. One can attempt a
basic date set wich is probably the most common set and other than the 1948 and a couple other dates can be
completed without breaking the bank. Finally one can attempt a complete set including varieties which can by
quite challenging and quite expensive. In any event these Canadian dollars are quite beautiful and can be ex-
citing to collect.

DATE - DECEMBER 13th

TIME - 6PM

COST - ADULTS $15 / CHILDREN UNDER 10 $10
MENU -

CATERING BY BRYCE - DINNER

UNS - WATER

JAN NYHOLM - CUPCAKES FOR DESERT
CENTERPIECES - LARRY NIELSEN

PRIZES - LISTED ESLEWHERE IN THIS NEWSLETTER
THERE WILL BE 4 GOLD PRIZES
PRIZE TICKETS WILL BE DISTRIBUTED AT THE DOOR / L. KIMURA

PLATINUM SESSION & SIGNATURE® AUCTIONS
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1835 Quarter Eagle
PR67 Deep Cameo PCGS

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MS63 PCGS. CAC

1796 No Stars Quarter Eagle
BD-2, MS63 PCGS

1755-5

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1804 Small 8 Five Dollar
BD-2, High R.4
MS64+ PCGS

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PR66+ PCGS

1808 BD-1 Quarter Eagle
MS62 PCGS

ase
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BD-4, MS66 PCGS

1815 BD-1 Five Dollar
MS62 PCGS

1857 Five Dollar
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FOR A FREE APPRAISAL, OR TO CONSIGN TO AN UPCOMING AUCTION,

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View all lots and bid at HA.com/1355

Eien ee
1795 9 Leaves Ten Dollar 1799 Small Stars Ten Dollar
BD-3, MS64 PCGS BD-6, MS65 PCGS

1804 Judd-34 Ten Dollar
Silver, PR66 PCGS

1907 High Relief Twenty

1843 Ten Dollar
Wire Edge, SP68 PCGS

PR64+ Cameo PCGS

One of the Most Revered and Valuable
Rare Coin Collections in Numismatic History

Proceeds from the auction of this unparalleled assemblage will benefit Dallas
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COINS ¢ CURRENCY e MEDALS ¢ TOKENS
HAND-HELD COLLECTIBLES

Friday, January 20
Saturday, January 21, 2023

Salt Lake Community College
Miller Conference Center
9750 South 300 West, Sandy, Utah

Admission: $3.00
$1 OFF with Postcard or Coupon

FREE Drawing for
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All About Coins

Doug Nyholm

A rarity in any grade, this 1930-S Saint-Gaudens Double Eagle graded PCGS AGO3 sold for $44,400. Courtesy
of Heritage Auctions, www.HA.com.

I recently read an article in PCGS’s “Rare Coin Review” regarding “Low Ball Coins.” I have heard this term
in the past and PCGS actually has registry sets for these poor quality coins. Yes, people actually collect them
and strive to acquire for poorest quality examples available. Poor-1 graded coins demand a premium and col-
lectors will sometimes pay more for a Poor-1 coin than a VF or higher example. This segmaent of our hobby
is actually expanding. Now I don’t expet any collectors to dump their BU sets of coins in favor of a set of
coins whose finest example is an AG-03 but just the same, both of these coins and those who collect them ex-
ist.

There are basically two types of coins that are in horrible condition.
Those that actually acquired their wear from circulation and passing
through 10’s of thousands of hands. Then there are coins which were
kept as pocket pieces. This can occur for both modern coins and those
over 100 years old. One subset of Low Ball coins are those that have
been damaged often by having a hole drilled into them. Most Low
Ball purists avoid these and actually prefer coins that have been certi-
fied which requires no damage and a readable date.

Many Low Ball coins are actually quite rare. Some collectors have
actually assembled complete sets. The Rare Coin Review mentioned a

collected who assembled a complete set of Peace Dollars whose highest graded example was AG-03. Just
try to find a single Peace Dollar in AG-03 and then pay a premium for it.

Low Ball collecting is something to consider, or it may not be for you.

Shown within this article are several examples including a very rare 1930-S Double Eagle in AG-03 graded
by PCGS. This coins sold at a Heritage auction for $44,000!

As this segment of our hobby is increasing one must also be cognizant of coins which have been artificially
worn or modified by some unnatural process. These coins may be very difficult fo ascertain and PCGS
recommends that collectors stick to certified coins when available.

Shown at right is my entry into Low Ball collect-
ing with a 1976 Bicentennial Ike dollar. Poor-01

The Early Paper Money of America

Eric P. Newman
2023 Edition

The 2023 edition of the “Early Pa-
per Money of America” has been
recently released. This is an up-
date to the Sth edition which was
published in 2008 by Eric P. New-
man himself. It has been 15 years
since that publication and _ this
book is based on the original work
and covers currency issued in
America from 1686-1800. The
last edition was published by
Krause Pub. While the current ver-
sion is published by Greysheet
Publications. The book begins
with 30 pages of history, infor-
mation, and virtually everything
that both novice and seasoned col-
lectors or historians need to know

THE EARLY
PAPER MONEY
OF AMERICA

ERIC P. NEWMAN

PRICING PROVIDED BY GREYSHEET

about this fascinating currency. Some of the many sections include, Historical In-

z troduction, Development of Paper Money

uses, English Regulation, Different period

“(2m issues, Redemption, Cancellation and De-
4s—™ struction, Printing and Engraving, De-

nominations, Counterfeiting and many

@ others.

The book then transitions into Continental Currency |
followed by individual state issues.

The section about Continental Currency is another
30 pages with all emission dates fully described
with additional historical information . The follow-
ing state sections are equally abundant with infor- [fF
mation and descriptions. Individual issues are ar-|}
ranged chronologically | ¥
by date each with infor-
mation concerning issu-
ance, value, and even va-|
i rieties of which there are many. Attention is also given
to the signers, printers and issuers.

4} Finally since this is the first edition issued in 15 years
@) there is significant valuation updates. These updates
were provided by Greysheet.

The book consists of 470 pages profusely illustrated. I
would estimate that approximately 40% of the images
are in full color. The paper is of high quality and glossy. This book is not for
everyone but if you have any interest in early American currency or collect or
plan to collect it is a all encompassing reference.

PERSONAL OBVERSIATIONS

I personally have only handled just a few of these issues but find them very inter-
esting as part of American history. No doubt, whether you collect them or own
but a single example, you will find it listed in this book. Or if you desire to start a
collection or purchase a few examples, this book is a must for your library.

One thing I learned, is that if you were alive during these times exchanging paper
currency would have been more difficult than you could ever imagine. They
were valued in dollars, shillings, pounds, and Spanish milled dollars, all of which
had not only different values but were constantly changing in their value. Addi-
tionally, each state was subject to different and varying values from other states.

Then there was the problem of deprecia- |
tion which was based on politics, econo- |
my's, and differences in the many issues in |
circulation. There was also the problem of | —- "Fis Devs to counterfeit.
counterfeiting which was more widespread | ssq»ssencoca ett
than thought. it }

With all these factors that may sound crazy | |
the currency was generally accepted, after
all, there were no alternatives available.
Both currency and coinage in early Ameri-
ca was certainly a hodgepodge which)
would definitely keep consumers and mer-
chants on their guard at all time.

BURLINGTON in New-JERsEY; .
Printed by aac Collins, 1776¢

a“

qu: Sot Gl JD
TWO SHILLINGS,

current Money of the Colony of New-York, payable on Demanp,, by
thee MAYOR, ALDERMEN, and COMMONALTY of
the City of New-York, at the Office of Chamberlain of the faid City,

purfuant to a Vote of the’ faid Mayor, Aldermen, and Commonalty,
of this Date. Dated the Second Day of Auguff, inthe Year of our
Lord One Thoufand Seven Hundred and Seventy-five,

By Order of the Corporation,“ —

ITs;

Let Our Success Be Your Success

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January 2023 Collectors Choice Online Auction -U.S. Coins & Currency
Auction: January 25-26, 2023 « Consign by January 4, 2023

February Collectors Choice Online Auction -World Paper Money
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February Collectors Choice Online Auction -Ancient & World Coins
Auction: February 27-March 1, 2023 « Consign by January 16, 2023

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America’s Oldest and Most Accomplished Rare Coin Auctioneer SBG UNS 221201

CALIFORNIA e NEW YORK e PHILADELPHIA e BOSTON e NEW HAMPSHIRE e OKLAHOMA e HONG KONG e PARIS

Majestic Coins

BUY SELL TRADE APPRAISE

Robie Cagle | Proprietor
1-801-869-0605

robiewan @netzero.net

ANNOUNCEMENT / REQUEST

Our club is looking for a secure location in which to store our trailer. The
trailer contains equipment and material used at our local coin shows.

If anyone knows or has access to such a location either free of charge or for a
reasonable fee please contact our President or Board member.

The Money Quiz

1. Which of the below stamp denominations were used for Encased Postage?
A) 1 Cent B) 12 Cents
C) 24 Cents D) 90 Cents

2. Goebrecht Dollars were minted in which of the following years?
A) 1836 B) 1837
C) 1838 D) 1839

3. What percentage of silver is in the alloy called “German Silver?”
A) 0% B) 2%
C) 5% D) 20%

4. Which of the following persons is a famous counterfeiter?
A) Joseph Smith B) Leroy Henning

C) James Poole D) James Snowden

5. Who submitted the original patent for Encased Postage?
A) Ayer B) Gault
C) Drake D) Dougan

6. What was the year that the first Canadian Silver dollar pattern was minted?
A) 1909 B) 1911
C) 1927 D) 1935

7) SAFE HAVEN

NS2 PRIVATE VAULTS

“SECURITY

| Our security systems work together to create a completely
, secure location for everything that is stored inside.

» Our Security Features include:
4 Steel and ballistic grade walls
Bullet proof glass
Motion and Pressure Sensors
Over 30 cameras with 24/7 monitoring
Third party monitoring
Backup power
State-of-the-art fire protection systems
Retina scanner
Keypad door locks
And More!

NO ID REQUIRED
» Utilizing our State of the Art Retina Scanner, you can
4 access your vault without identification.

(24/7 ACCESS
| Unlike a bank or some other off-site storage locations, you

4 have access to your vault 24 hours, 7 days a week, 365
| days a year!

y el ey i: Dita:

STORAGE SOLUTIONS FOR:

MEMBER PRICING
BOX SIZE MONTH YEAR
37x SAR 227s 4000
3” X10” x 22” $50.00
5” x 10”x 22” $80.00
10” X 10” x22” $120.00 $1,200
30” x 60” x 22” $450 $5000

24/7 ACCESS
COMPLETE ANONYMITY
INSURANCE AVAILABLE

1231 W South Jordan Pkwy, Suite B, South Jordan, UT 84095
801-569-3000 Office Hours: M-F 10 AM—5 PM
www.SAFEHAVENVAULTS.COM

EDITOR’S MESSAGE

MERRY CHRISTMAS

Last month if you were not present we held our
bi-annual elections. LaVar Burton was elected
as our new President for 2023/24 and I want to
wish him success. Also, many thanks to our
outgoing President Mike Rek for his service. *

Additionally I would like to thank all of our Oy

eR TY

members as well as those newly elected individ- fui
uals. ir)

Vrenene

n Weert
It takes a lot to keep a club such as ours run- “Ss
ning, not only from those elected but also for
the members, their dedication, and continued
attendance and support. As always everyone is
encouraged to be an advocate of the UNS and
invite and/or bring any interested persons or

family to one of our meetings.

This month we will be holding our annual
Christmas/Holiday dinner and will have thou-
sands of dollars of prizes. For those of you who
have attended, volunteered or otherwise sup-
ported the UNS in some manner your tickets for
these Christmas prize drawings will be awaiting
you at the door.

I wish everyone a very Merry Christmas and
Happy Holidays

Sincerely,

Doug Nyholm

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Old letters — Old postcards?

Do you have an old collection or accumulation of stuff that you don’t know what
to do with? I can help! Call me to discuss what items you have. Whether you
just want to know what the value is or if you want to sell them. We can discuss
what options you have to dispose of your items or | can give you a free verbal
appraisal based on the current market value. Either way you will know what you
have and can then make intelligent decisions as to what to do with it. Give mea
call. It will be worth your time.

Dave Blackhurst

801-580-9534

Visit My Table At Local Coin Shows
Always Buying Coins & Collectables
801-699-1728

Ralph R. Muller

P.O. Box 9088

Salt Lake City, Utah 84109
801-581-0991

Member ANA-UNS-OCC-SPMC-FCCB
E-mail mullerralph@gmail.com
BUY—SELL—APPRAISE COINS
& CURRENCY

Back issues of the Mint Master are available at the
following website.

https://nnp.wustl.edu/library/publisherdetail/S533919

Infinity Coins

Kevin Josephson
545 Shoup Ave Suite 108A
Idaho Falls, ID 83402

208-201-5007

infinitycoins@gmail.com
www. infinitycoins.net

ANA#R3147615

UNS Membership Application

Application for membership in the “Utah Numismatic Society

P.O. Box 65054, Salt Lake City, UT 84165
Name(s) of Applicants:

Address:

E-Mail:

Phone Number:

Signature:

ANNUAL DUES
$30 Family $20 Adult $5 Junior / Under 18

By signing this application I

acknowledge that I have never
Where & When we meet: been convicted of a felony.

Second Tuesday of each month at 7:00 P.M.
Columbus Center / 2530 South 500 East, SLC, UT 84115

Quiz Answers

The Utah Numismatic Society is now enjoying its 70th year a

serving collectors in Utah. We sponsor an annual coin show . AC&D
held in Sandy which you may have attended. Our monthly A
meetings are held monthly on the second Tuesday in Salt Lake
City. We have many knowledgeable, as well as novice and be- B
ginning collectors, in attendance every month. B
Our monthly publication entitled “The Mint Master” contains B
interesting reading featuring articles such as the ’Counterfeit
Corner,’ ‘Book Reviews,’ “Young Numismatists,’ as well as
many other numismatic news-worthy columns.

Our meetings include Bourse, Auctions, expert speakers as well
as our annual “Youth Night” and “Summer Picnic.”

We invite you to attend one of our meetings held at the -

Columbus Center, 2530 S. 500 E., Salt Lake City.

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